HSBC Securities lifts Blackstone Inc [BX] price estimate. Who else is bullish?

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Blackstone Inc [NYSE: BX] price surged by 2.60 percent to reach at $2.4. The company report on October 31, 2023 at 9:01 AM that The Riverside Company Signs Definitive Agreement to Sell Leading Energy Analytics Software Provider Energy Exemplar to Blackstone & Vista Equity Partners.

Riverside’s Australia Fund (RAF) invested in EE in 2017. Headquartered in Australia, but with a global presence, EE has grown at 30% CAGR since 2018 and currently serves over 500 utilities and power companies and consultants in more than 79 countries.

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A sum of 3884883 shares traded at recent session while its average daily volume was at 6.17M shares. Blackstone Inc shares reached a high of $94.90 and dropped to a low of $91.76 until finishing in the latest session at $94.75.

The one-year BX stock forecast points to a potential upside of 10.76. The average equity rating for BX stock is currently 1.87, trading closer to a bullish pattern in the stock market.

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Guru’s Opinion on Blackstone Inc [BX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BX shares is $106.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BX stock is a recommendation set at 1.87. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

HSBC Securities have made an estimate for Blackstone Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 06, 2023.

The Average True Range (ATR) for Blackstone Inc is set at 3.02, with the Price to Sales ratio for BX stock in the period of the last 12 months amounting to 11.14. The Price to Book ratio for the last quarter was 16.00, with the Price to Cash per share for the same quarter was set at 2.88. Price to Free Cash Flow for BX in the course of the last twelve months was 94.54.

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BX Stock Performance Analysis:

Blackstone Inc [BX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.09. With this latest performance, BX shares dropped by -8.21% in over the last four-week period, additionally plugging by 14.56% over the last 6 months – not to mention a rise of 4.37% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BX stock in for the last two-week period is set at 40.65, with the RSI for the last a single of trading hit 43.35, and the three-weeks RSI is set at 41.00 for Blackstone Inc [BX]. The present Moving Average for the last 50 days of trading for this stock 104.38, while it was recorded at 92.28 for the last single week of trading, and 94.37 for the last 200 days.

Insight into Blackstone Inc Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Blackstone Inc [BX] shares currently have an operating margin of +27.15 and a Gross Margin at +98.77. Blackstone Inc’s Net Margin is presently recorded at +12.84.

Return on Total Capital for BX is now 11.63, given the latest momentum, and Return on Invested Capital for the company is 9.00. Return on Equity for this stock inclined to 20.47, with Return on Assets sitting at 4.17. When it comes to the capital structure of this company, Blackstone Inc [BX] has a Total Debt to Total Equity ratio set at 175.82. Additionally, BX Total Debt to Total Capital is recorded at 63.75, with Total Debt to Total Assets ending up at 31.65. Long-Term Debt to Equity for the company is recorded at 172.79, with the Long-Term Debt to Total Capital now at 62.65.

Reflecting on the efficiency of the workforce at the company, Blackstone Inc [BX] managed to generate an average of $372,232 per employee. Receivables Turnover for the company is 2.75 with a Total Asset Turnover recorded at a value of 0.33.

BX Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Blackstone Inc go to 10.32%.

Blackstone Inc [BX] Institutonal Ownership Details

The top three institutional holders of BX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in BX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in BX stock with ownership which is approximately 5.7994%.

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